Green Energy
These pitfalls proliferate in the Health Care Reform Act, the bill that Pelosi so glibly told us would eventually reveal its specifics after it became law:
The specifics below will touch the vast majority of Americans in one way or another.
From Red State (hat tip to Conservatives on Fire):
- Former Cbo Director Warns Congress The Worst Hits To Medicare Advantage Are Coming
From Pajamas Media: WASHINGTON – House lawmakers clashed this month over whether cuts to a Medicare program under the Affordable Care Act could lead to higher costs and lower enrollment. The Medicare Advantage (MA) program, an alternative to the...
- Why Isn't Obama Trailing By 20? Us Median Income Lowest Since 1995
Financial Times:The median income of American households dropped to its lowest level since 1995 last year, extending its decline during President Barack Obama’s tenure and highlighting the depth of the damage to the middle class inflicted by the recession...
- No New Taxes My Ass!
From Big Government While we were all debating the cost to our liberty due to the Patient Protection and Affordable Care Act (Obamacare), we were ignoring the cost to our pockets. If there ever was a reason for bipartisan rage about this law, it...
- White House Website Still Says Obamacare Not A Tax
From White House.gov: As we move into the final stage of the historic push for health reform, opponents of reform are testing the age old adage that if you only say something enough times you can somehow make it true. Yesterday, we heard a new...
- How To Scare All Worldwide Financial Markets And Piss Off American Allies In One Sentence
President Obama told congressional leaders Sunday that America is not a ‘banana republic.’ But don’t stop there, let’s also chill whatever urge to purchase anything or borrow by anyone is left … ANYWHERE, in ANY ENTITY, personal, biz, national...
Green Energy
Obamacare's Pitfalls: They Will Touch Every American
These pitfalls proliferate in the Health Care Reform Act, the bill that Pelosi so glibly told us would eventually reveal its specifics after it became law:
The specifics below will touch the vast majority of Americans in one way or another.
From Red State (hat tip to Conservatives on Fire):
Beginning January 1, 2013, ObamaCare imposes a 3.8% Medicare tax on unearned income, including the sale of single family homes, townhouses, co-ops, condominiums, and even rental income.Read the rest HERE. The specifics are disheartening, particularly for the middle class, as cited here:
[...]
Like a lot of the poorly-designed, economic programs of this administration, this program will destroy more wealth than it ever gets around to actually transferring. The negative externalities of this proposal will be legion.....
This will also have a knock-on unemployment multiplier effect on the people who pave roads to new subdivisions. It will require fewer realtors and settlement attorneys to handle the decreased sales volume. Home values will adjust downward in reaction to the penalty tax that a homeowner has to pay to escape a current residence. This will lead to a downward pressure on tax assessments for residential property which will further complicate the efforts of state and local governments to run organizations such as schools.According to GOP.gov:
This new ObamaCare tax is the first time the government will apply a 3.8 percent tax on unearned income. This new tax on home sales and unearned income and other Medicare taxes raise taxes more than $210 billion to pay for ObamaCare. The National Association of Realtors called this new Medicare tax on unearned income “destructive” and “ill-advised” and warned it would hurt job creation.Under the Obama administration, middle-class America is well on the way to serfdom!
- Former Cbo Director Warns Congress The Worst Hits To Medicare Advantage Are Coming
From Pajamas Media: WASHINGTON – House lawmakers clashed this month over whether cuts to a Medicare program under the Affordable Care Act could lead to higher costs and lower enrollment. The Medicare Advantage (MA) program, an alternative to the...
- Why Isn't Obama Trailing By 20? Us Median Income Lowest Since 1995
Financial Times:The median income of American households dropped to its lowest level since 1995 last year, extending its decline during President Barack Obama’s tenure and highlighting the depth of the damage to the middle class inflicted by the recession...
- No New Taxes My Ass!
From Big Government While we were all debating the cost to our liberty due to the Patient Protection and Affordable Care Act (Obamacare), we were ignoring the cost to our pockets. If there ever was a reason for bipartisan rage about this law, it...
- White House Website Still Says Obamacare Not A Tax
From White House.gov: As we move into the final stage of the historic push for health reform, opponents of reform are testing the age old adage that if you only say something enough times you can somehow make it true. Yesterday, we heard a new...
- How To Scare All Worldwide Financial Markets And Piss Off American Allies In One Sentence
President Obama told congressional leaders Sunday that America is not a ‘banana republic.’ But don’t stop there, let’s also chill whatever urge to purchase anything or borrow by anyone is left … ANYWHERE, in ANY ENTITY, personal, biz, national...